What is Cryptocurrency

A cryptocurrency is a digital or virtual money designed to work as a medium of exchange. It applies cryptography to secure and check transactions as well as to control the creation of new divisions of a specific cryptocurrency. Basically, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled.

Upcoming Icos

As cryptocurrencies are growing increasingly mainstream, law enforcement departments, taxation administrations and legal regulators worldwide are trying to understand the very concept of crypto coins and where exactly do they fit in existing regulations and legal frameworks.